Hyflux creditors called to file a proof of claim

Parties who did not file by 5 February may not be able to receive payments.

Embattled water treatment firm Hyflux has called for its creditors to file a proof setting out their claim by 5 February 2020 for the scheme meetings on deciding a compromise or arrangement, according to an SGX filing.

However, holders of Hyflux’s notes, perpetual securities and the preference shares are not required to file a proof, as Hyflux will seek leave of court on their behalf to file a proof based on the holdings reflected in the Central Depository’s (CDP) records.

Also read: Utico inks restructuring agreement with Hyflux

For those required, their proofs must set out all known claims against Hyflux, Hyflux Engineering, Hyflux Membrane Manufacturing and Hydrochem, which include present, contingent, future, disputed or undisputed obligations.

Parties who are unable to file their proof on time will not be able to vote in the scheme meetings, and may not be able to receive any payments that was decided in the meetings, the notice stated.

The date of the scheme meetings will be announced once it is ordered by the Singapore High Court. 

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